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's shift to democracy in a first ever trip by a serving u.s. president to the country. but he cautions that his trip should not be seen as an endorsement of the country's sgoechlt. and oil futures hitting a two week high as international pressure mounts for a cease-fire in gaza. u.n. secretary general ban ki-moon is heading to cairo for emergency negotiations. good morning, welcome to the program packed full of fantastic guests to give you you updates and analysis on where we are in trade. if europe, higher by 0.8%. coming off the 3 1/2 month low that we saw in the close on friday, helped along by optimism on the negotiations to avoid a fiscal cliff state side. we saw quite a rally in the u.s. on friday's close and that is feeding through to europe here this morning. ftse 100 higher by 09%, xetra dax by more than 1% and ibex 35 more than half a percentage point. the bond markets, the question is whether or not we'll see a lid on on bond prices on treasuries especially if we manage to overt a fiscal cliff scenario, if we see productive talks continuing. right now we're seeing the yield
to u.s. leaders negotiating over the so- called fiscal cliff about the serious financial impact looming on the horizon. that's where we begin this morning. how confident are you about the state of the u.s. economy? what steps are you taking to prepare for the potential impact if the u.s. goes off the fiscal cliff? give us a call this morning. you can also catch up with us on all your favorite social media sites, twitter or facebook. or e-mail us. thismorning to you on wednesday, november 21. we are talking about federal reserve chairman ben bernanke's comments yesterday about the fiscal cliff, and getting your thoughts on bthe u.s. economy. and this headline -- also, in the financial times -- to tell little bit more about ben bernanke's , and sister day we turn to david clarke of "politico," their financial services editor. thanks for joining us. guest: thanks for having me. host: what is making the most waves from his speech? guest: in the past he has warned that congress and the president's path to take care of the fiscal cliff. yesterday he said it is not simply doing it but how they
general and their women woes. a scandal among the u.s. top brass claims a second scamp amid growing concerns of a security breach. first, the c.i.a. boss general petraeus quits over an affair. now, john allen, email ex changes connected to the scandal. >> also in the program, we report from golden heights where tension is rising after israel and syria exchange fire across their border. in china, it's all change at the top. we have a special report on how the next generation is determined to tread its own path. >> i would like to be a software engineer. >> so you don't want to do the sort of things that your parents did? >> never. >> hello, it's midday here in london, 7:00 in the morning in washington. there's been a new twist to the sex scandal engulfing the american military top brass there. on friday, general david petraeus resigned as boss of the c.i.a. after it was revealed that he had been having an extra marital affair. now general john alan has been drawn into the scandal after what is being called inappropriate communications with a woman also linked to the affair. he has de
minister and the u.s. secretary of state. the truce calls for an immediate halt to the fighting and reportedly aims to work towards a longer-term solution as well. >> the latest escalation in violence began just over a week ago. since then, some 140 palestinians and five israelis have been killed in air strikes and rocket attacks. >> we will be trying to go live to cairo and also to gauze in a moment, but first, let's get back to evens earlier in it -- earlier in the day that threatens to derail the talks -- we will be trying to go live to cairo and also to gaza in a moment. >> panic on the streets of televisa. ambulances rushed to the scene of the explosion. -- panic on the streets of tel aviv. the bus was burned out but not torn apart, suggesting it may have been a relatively small bomb. israel is calling this a terrorist attack. >> hamas is a murderous organization, an organization that calls for israel's destruction. anyone who negotiates with them and the prime minister's holding talks with the americans, should know who sits there in gaza, and the need to hit them in those
. closing arguments have ended in a pretrial hearing to determine whether u.s. staff sergeant robert bales will face a court- martial for allegedly slaughtering 16 afghan civilians, including nine children, in march. military prosecutors are seeking the death penalty while defense attorneys have argued that alcohol abuse, drug use, and posttraumatic stress disorder all may have played a key role in fueling his actions. the presiding officer says he'll issue a recommendation on whether to proceed to court martial by the end of the week. deadly fighting in syria reportedly left at least 63 people dead across the country tuesday, including 41 in the capital damascus. syrian tanks continue to shell the palestinian refugee camp which has seen heavy violence this month. france has become the first western country to recognize syria's newly brokered opposition coalition as the sole representative of the syrian people. the coalition was formed over the weekend at a summit in doma. at least 24 people at and killed and more than 100 wounded in a series of bombings across iraq. a multiple explosions
, decline in manufacturing eased a little bit more than expected in november. joining us, chief european economist. ricar ricardo, thanks for joining us. so still a negative territory. what does this point to in terms of the economic decline for the fourth quarter? >> i think it's in line with the idea that real sgchlt dp will decline by at least 0.2%, possibly 0.3%. it will give us a negative entry point in 2013 when i expect an average growth of minus 0.2%. so still moderately recession territory. >> the german flash composite pmi 47.9, services 48, manufacturing 46.8, is germany -- we just saw the 0.2% print. is girl aermany going to have a negative contract? >> i'm looking for a contraction of minus 0.2. so only aed modest one. i expect activity will stabilize in q1 of next year, but obviously that requires a favorable external environment, meaning u.s. not going into this deep due to the fiscal cliff. and also signs of improvement in asia. >> meanwhile the french pmi says the survey there suggests a 0.7% gdp drop in quarter 4 for france. >> that seems quite large. we've seen in rece
. concretely, we must identify the bottlenecks that prevent the vast resource of the euro area being used most fruitfully. the world bank's latest doing business report highlights greece as one of ten countries that have most improved the ease of doing business from a rather unfavorable level. the momentum is clearly going in the right direction, although much remains to be done. spain and portugal were among the countries that marie solving insolvent firms easier. crucial agreement for restructuring the economy in this transition period as resources must shift from unproductive to productive activities. it is the latter that create jobs. this reallocation process, though sometimes painful in the short run, i'll say always painful in the short run, carries the seed of future prosperity. a growing body of knowledge shows that by increasing the ability of the economy to adjust so that factors can be reallocated to the most competitive firms, aggregate labor productivity can increase substantially. some studies indicate a gain of as much as 20 force 30%. the current focus on competitiveness in fr
liquidity concerns in the market martin schultz is with us. thanks for joining us. is this a sign of things to come, a big standoff with japan? >> well, it's rather surprising that a hopeful government coming in is picking a fight with the bank of japan when they're starting off. what is happening here is that it seems that the ldp doesn't really have a growth strategy right now and the frustration in industry with the strong yen and slowdown in export is tremendous about that. >> big problems if we have unfettered money printing. would there be as he also says 30 years of deflation? >> well, one of the lessons we have here is that many different monetary policies didn't work so far. we still have an economy that is in restructuring mode with many corporations. so sony, sharp, still trying to get back on their feet. on the other hand, we also have an economy that is slinging simply by aging and what would be needed would be strong growth policies and this is what the bank of japan will be pushing when he's in office. on the other hand, deflation is there, printing more yen might be helping
reaffirmed egypt's commitment to the palestinian cause and a need for just resolution. u.s. secretary of state hillary clinton helped negotiate the deal. she promised to work with partners in the region. the israeli military killed about 160 palestinians during the conflict. palestinian militants fired rockets from the gaza strip that killed five israelis. prime minister netanyahu said the right thing is to reach a lasting cease-fire but he warned of a wider military operation if security was threatened. hamas leader mashau warned his forces would resume attacks if israel broke the truce. >>> people in jerusalem are wondering if the cease-fire will hold. cohey sue gee has covered the middle east for years. he was in gaza on the first day of the offensive. kohei, why did the two sides agree to this truce? >> reporter: well, thousands of rockets have been fired since israeli forces withdrew from gaza in 2005. the israelis seemed to have come to the conclusion that they succeed the in reducing the ability of hamas to attack. and i think the influence of the u.s. contributed to bringing a
them. i'm afraid the details haven't been shared with us. >>> hillary clinton joins egypt in attempting to broke aerodeal between israel and hamas. strikes on gaza and rocket attacks into israel continue. >> you're watching "worldwide exchange," bringing you business news from around the globe. >>> all right, we're into hump day, the day before thanksgiving, of course, as well. on today's show, we'll have updates from athens and brussels as the eurozone ministers fail to ruse a deal for greece. air strikes and rocket fire continue in the gaza strip in tel aviv, as hillary clinton urges both sides to diffuse violence. we'll have the latest live from zree israeli. we'll also take the pulse of the polish country. analysts from warsaw 40 minutes from now. >>> we'll be in providence, rhode island, to preview travel ahead of the thanksgiving holiday with the head of operations at peter pan bus lines. >>> but first, after nearly 12 hours of talks, eurozone finance ministers have failed in their quest to agree conditions that would have allowed the next chance of bailout cash going to greece. w
, the u.s. ambassador, susan rice, meets with some of her toughest critics. and apparently they don't like what she has to say. >> we are significantly troubled by many of the answers that we got and some we didn't get. more disturbed now than i was before. >> shepard: republican senators criticizing ambassador rice for her initial comments on the libya consulate attack. >> ambassador rice has no responsibility for collecting, analyzing and providing intelligence. >> shepard: tonight the ambassador responds. >>> plus, the people of egypt trying to avoid trading one dictator for another. fighting back against a president who gave himself new powers. tonight a potential crisis point as the leader tries to put himself above the law. and how will the u.s. handle this? >>> plus, the chances of winning are ridiculously low. but millions of us are still lining up for a shot at a record powerball jackpot. >> lucky, lucky, lotto win. >> shepard: tonight a look at the actual odds of winning it all. but first from fox this tuesday night, three republican senators now say they cannot support the u.n.
, we thank you for that support. without which we couldn't do this program. it's a pleasure for us to have with us this morning, the chief of staff of the united states army, general ray odierno. general odierno is from new jersey. anybody who is from new jersey these days has been a little bit distracted. new jersey took the brunt of the storm. i grew up in louisiana. we are sort of used to this sort of thing, but we don't usually have hurricanes that have a wind chill and snowfall associated with them. which complicates matters. i hope everyone's all right up there this morning. we have been doing this series recently focusing on where are the military services going? it's a very important point of history. general odierno started in the army back during not the last draw down but the one before that. the one after vietnam. those of you who have been coming to our events know we have been talking about draw downs for some time now. eventually it had to get here and we are now at the cusp of one. we don't know how long, far, or deep. but there are a lot of lessons from the past th
do to itself if washington allows us to go over the fiscal cliff. unemployment in the u.s. which has come down to to 20.9%, it could go up another 9%. according to a new research new york post poll, you clearly understand the danger of this fiscal cliff. 50% say it will have a major effect on the economy, 21% say a minor effect, 2% no effect, 10% say they don't know, which is why you're watching this right now. president obama says they're centering around increasing tax on the wealthy which will go a good way in increasing the revenue that he wants to raise in the next decade in an attempt to reduce the federal deficit. he wants to reinstate the bush tax cut which goes to the top 2% of earners. that would jump from 36% to 39%. he likes to say that's where it was during the clinton years. the second one would go from 36% to 39%. he's been focusing on this specific number since his reelection which suggests he may compromise on the actual rates in order to get a deal. there are other taxes as well he's talking about. taxes on investment gain would also go up. the capital gains tax wou
officially, publicly now. jon: thank you. jenna: thanks for joining us, everybody. jon: "america live" starts right now. megyn: fox news alert, breaking news on the obama cabinet. as we just heard from the attorney general on possibly resigning as it is out with the old, in with the new, apparently, in obama administration 2.0. welcome to "america live," everyone, i'm megyn kelly. just two days after americans gave president obama a second term, we are learning that big changes could be on the way at top-level cabinet positions. secretary of state hillary clinton already said she has plans to leave, and now reports say that treasury secretary timothy geithner may be out, and moments ago the attorney general, eric holder, telling a group of law school students that he does not know if he's going to stay on the job. >> that's something that i'm in the process now of trying to determine. um, the first step has already occurred, that the president has been reelected. um, and i have to think about can i contribute in a second term. i have to, obviously, talk to him, speak to members o
advisers austan goolsbee on how the u.s. can avoid falling off the fiscal cliff. plus we'll take you live to tokyo with japan hit by election fever. the yen is falling as a repeated call for bold monetary easing. and we'll be live in new york 5:45 a.m. for a look at the u.s. retail sector. walmart and target getting set to release third quarter numbers. >>> chig that's ruling com uhe nus party has lifted the curtain. the unveiling seals so s xi jins rise. hu has seeded oig all powers and that's gives china's next leader a strong mandate. eunice has more for us this morning. it sounds like a pretty signature consolidation of power under xi. >> definitely is a consolidation of power. he'll get a very strong mandate as you had mentioned to run this country the way that he wants. he gets the three top titles, the most powerful are party chief, president as well as military commander. that is very significant because it allows him to have more control over his own agenda. when he went to meet the press this morning, he was looking very casual, looking a about folksy. when he was youtd lining t
of international efforts to mediate a truce between israel and hamas. u.s. secretary general ban ki moon is lending his support. >> my message is clear. all sides must avoid fire. further escalating the situation will put the entire region at risk. >> our leaders, he traveled to jerusalem with talks -- to talk with benjamin netanyahu. he condemned the attacks and the loss of civilian lives in gaza. netanyahu reiterated that they would be willing to are dissipate in a ceasefire but only if hamas immediately sees as the rocket attacks. >> the long-term solution to be put in place through diplomatic means and israel then would be a willing partner to such a solution, but if kroger military action through the necessary to stop the constant barrage of rockets, israel will not hesitate to do what is necessary to defend our people. >> there are signs that diplomatic efforts may be bearing fruit and mediators iran optimistic that a deal can be made to avert an israeli ground offensive. >> -- mediator's remained optimistic. >> what is the reaction to reports of a ceasefire? >> people don't really believe it
forces claiming to have targeted 100 gaza sites. the u.s. secretary of state hillary clinton is on her way to the middle east for talks with officials in a bid to try to end the deadly crisis. we've been watching oil prices, as well. and after sharp gains yesterday, you can see oil prices pulling back about 27 cents, still just about $89 for wti crude. we will have a live report from our nbc colleagues on the ground in the middle east coming up in the next half hour. >>> let's talk about some of the main market events of the morning. actually today fed chairman ben bernanke's speech at the economics sclub of new york is coming up at 12:15 eastern time. traders will be listening no any comments on the central bank's operation twist program and discussions about changing how the fed communicates about interest rates. operation twist expires next month. and there is some speculation the fed will continue making asset purchases by expanding the size of its $40 billion a month quantitate of it easing program. also on the economic agenda today, october housing starts released at 8:30 a.m. an
thanks to you. happy thanksgiving to all of you. join us on friday. that does it for us today. right now it's time for "squawk on the street." >>> you can have all the turkey you want tomorrow. good morning, welcome to "squawk on the street" i'm carl cramer is off today. some word the fiscal cliff negotiations are not getting off to a good start. moderate red arrows. european leaders failed to reach a bailout payment to greece and will try monday. road map starts on the busiest travel day of the year. there are signs it could be a big quarter for airline and travel, but traditional toys look weak. walmart may have protesters outside its doors on friday. >> deer misses earnings, and the market shrugs it off. >> turmoil in israel with a bomb explosion on board a bus today and a rumored cease-fire that never happened. crude is up $1 as the secretary of state has arrived in cairo. a big day full of planes, trains and automobiles with tens of millions of americans set to embark on their holiday weekend journeys. our phil lebeau is in chicago with more on the holiday travel landscape. how pain
-elect, enrique pena nieto, this afternoon. one topic for them and for us tonight: the war on drugs, on both sides of the border. >> suarez: as lawmakers talk of reducing the country's debt, paul solman offers a history lesson on centuries of federal borrowing. >> the united states was going into default. we defaulted on many obligations to foreign creditors and to our own soldiers. >> brown: plus, every month, 1,000 young americans are infected with h.i.v., and most of those with the disease don't even know they have it. hari sreenivasan looks at a new report from the c.d.c. that's all ahead on tonight's newshour. major funding for the pbs newshour has been provided by: moving our economy for 160 years. bnsf, the engine that connects us. and by the alfred p. sloan foundation. supporting science, technology, and improved economic performance and financial literacy in the 21st century. and with the ongoing support of these institutions and foundations. and... this program was made possible by the corporation for public broadcasting. and by contributions to your pbs station from viewers like you. th
should not use androgel. serious side effects include worsening of an enlarged prostate, possible increased risk of prostate cancer, lower sperm count, swelling of ankles, feet, or body, enlarged or painful breasts, problems breathing during sleep, and blood clots in the legs. tell your doctor about your medical conditions and medications, especially insulin, corticosteroids, or medicines to decrease blood clotting. talk to your doctor today about androgel 1.62% so you can use less gel. log on now to androgeloffer.com and you could pay as little as ten dollars a month for androgel 1.62%. what are you waiting for? this is big news. >>> welcome to "newsroom international." i'm suzanne malveaux. we are taking you around the world in 60 minutes. here's what's coming up. >>> rocket attacks and air strikes. tensions escalate between israelis and palestinians. we're going to go to jerusalem for a live report. >>> the world's largest broadcaster floundering. it is chaotic. more bbc executives are stepping aside after falsely implicating a former british politician in a child sex scandal.
. talk to your doctor today about androgel 1.62% so you can use less gel. log on now to androgeloffer.com and you could pay as little as ten dollars a month for androgel 1.62%. what are you waiting for? this is big news. >>> welcome to "newsroom international." i'm suzanne malveaux. we are taking you around the world in 60 minutes. here's what's coming up. >>> rocket attacks and air strikes. tensions escalate between israelis and palestinians. we're going to go to jerusalem for a live report. >>> the world's largest broadcaster floundering. it is chaotic. more bbc executives are stepping aside after falsely implicating a former british politician in a child sex scandal. >>> plus, we're going to take you under water. pretty cool stuff. to a one of a kind museum that's delighting divers off the coast of mexico and protecting the area's fragile reefs. >>> we begin with the latest on the bombshell story. it has led to the resignation of david petraeus. here's the latest on the players and the events. here's how it all started. it started when jill kelly, a friend of general petrae
say they will not accept it. should he go for it, they will boycott. weather they use violence of diplomatic means, they are always in a very difficult situation. things are not moving ahead, and it is a very volatile situation. you mentioned the war on syria. egypt is going in a very difficult direction. it is a quagmire, and you have to be careful the whole region does not explode. >> thank you so much for joining us here in studio. >> france's new prime minister has made his first official visit to germany, holding talks with german chancellor. at the top of the agenda was stagnant economic growth in france and europe generally. >> he told reporters that france remain committed to keeping greece in the eurozone and said it was in the interests of all eurozone countries to show solidarity with debt-stricken member states. for more on this now, we're joined from our parliamentary studios by our political correspondent. there's been an awful lot of talk about deteriorating franco- german relations recently. what can you say after this visit? >> for the last six months, there ha
the stage for a possible comeback. >>> and president obama meets with top u.s. lawmakers to begin budget talks as the fiscal cliff looms. both sides are digging in their heels on on tax hikes and spending hikes. against all of the political changes we're seeing today, first i want to show you the market action. stoxx 600 is sitting roughly flat, but we've seen interesting trading session where the nikkei really surging to the up side again today. more on that in a bit. take a look at what's happening across europe because after a couple of uglier days in the market, we're seeing something of a comeback now led by technology, retail stocks are also in the green, food and beverages, autos among the sectors dragging on the in-dek. we can take a closer look at the bourses. ibex is down. ftse 100 sam thing, so we'll keep an eye on all these levels as the show progresses this morning. the bond space is where we've been focusing our attention with spain and greece on. spain today seeing prices rise, yields coming down to 5.78%. italy seeing a bit of a rally, too. selloff for britain and bund oi
obama becomes a first- inning president to visit burma. but >> lewis hamilton wins the u.s. grand prix. >> ban ki moon has arrived in cairo in support of the cease- fire between israel and hamas. >> the exiled leader of hamas says they must take the first up a bit want the truce in israel. they will consider a cease-fire in israel and their attacks and the siege of gaza. >> israel has bombed building and at least 90 people have been killed and some 700 wounded since the air strikes began. >> the bombardment of gaza continues. israeli defense forces are picking targets they say it are connected to palestinian militants. the billionaire also among the latest casualties. across the border in israel, ground troops are massing in preparations for a possible invasion. israel has no mobilize and 40,000 reservists. elsewhere, diplomats are attempting to broker a ceasefire. in jerusalem, middle east peace envoy tony blair met with perez to stop the rocket attacks. >> it is clear we do not have any ambition to gain an advantage but we just want to stop the fire. >> more than 1000 rockets have be
waiting for the ifo sentiment index, see whether it confirms what the pmis have been telling us this week about the german economy. suggests we may be heading into possibly contraction territory. expecting it to be around 99.5 versus 100. expectations entex is frft at 93.2, unchanged from the previous reading. not out yet. kathleen brooks is with us. i'm not sure why we don't have it but anyway, whatever your expectations are for this, how close is germ 234i going to skirt with contraction in the fourth quarter? >> it certainly has been slowing down and it looks like there's the possibility that even germany is starting to have some mild contraction and maybe even in the technical recession i would think over the next two quarters. the economic indicators have been coming down in determine any, there had been an expectation that consumption kicks up more in the country. which it has a little bit, but a little less than maybe people have been expecting. obviously the fallout from the international crisis and the backdrop is not really helping. >>. >> euro-dollar edging up to a three week h
rice made in the u.s. consulate in benghazi. that could be problematic. >> initially it was a spontanous reaction to what transspired in carey as a consequence of the video. >> that explanation continues to dodge rice. senator mccain said rice failed to get the facts straight. >> don't we all have a responsibility before we go out and talk to the american people and all five sunday morning shows for verifying that the facts were true. there is classified information that she had access to that contradicted that. and said al-qaida was decimated along with bin laden being killed. al-qaida is not decimated but roaring back in most parts of the middle east. >> the republicans senators mccain and ayotte will drill down and find out what happened and critics are tough on rice. but the white house is continuing to show strong support. >> ambassador rice has done an excellent job at the united nations and highly qualified for any number of positions in the foreign policy arena and i will leave it at that. >> today's meeting place between ambassador rice and her staunchest cri
to leave the senate you can still become a panelist with us. >> that's a deal. >> happy birthday to richard soc soc socari socarides in our last few minutes. carol costello good morning. >> god morning. and happy birthday. >>> winds, floods, now snow. >> finally got that final kind of forecast i got last night, i said i'm waiting for the locust s & p estulance next. >>> can president obama romance republicans? or are we destined for that fiscal cliff? >>> got a joint? pot is about to be legal in two states but don't light up just yet. newsroom starts now. >>> good morning. thank you so much for being with me. i'm carol cost ello. this hour, superstorm sandy has a cruel, cold kitchen following in its footsteps. this new storm is lashing the northeast with snow, rains and wind and hitting the very same areas struggling to recover from last week's devastation. up to eight inches of snow in some areas and power outages from delaware to maine. chewing into the coastline, leaving hundreds of thousands without electricity and heat. rob marciano is on new york's staten island, one of the hardest-hi
has departed heading for the middle east. we begin with christiane. welcome. give us a sense of this new announcement from israel. how long do you think israel is waiting to silt on this halt before it would move forward with sending ground troops in? >> well, what was reported was that a senior government official in the loop close to the talks has confirmed to me this morning that after the latest intense round of conversations and meetings between prime minister netanyahu and his inner security cabinet, which went on into the early morning hours here jerusalem time, there has been a decision taken to hold on the ground offensive. to give time, he says, limited time to make the diplomatic solution work. that is their preferred option. however, he also adds that israeli military is prepared and continues to make its preparations in case, if and when, a decision is taken to escalate to a ground war. in that case the military would be prepared to react immediately. but clearly what we're hearing and what we've been reporting over the last 24 to 36 hours is that despite the fac
. that is the same as the vatican. >> only a handful of countries voted against the move, including the u.s. and israel. both threaten to sanction palestinian request. israel today announced the construction of 3000 more settler homes in response. >> many hope it will be for step toward independence and true statehood. >> life remains the same in the palestinian territories, but many say the united nations vote has given them a new outlook. >> it is a beautiful feeling. there's hope that our children will grow up in an independent nation with its own voice, and that is a feeling that is hard to describe it. >> the decision came after a powerful appeal by the palestinian authority president in new york. >> the general assembly is called upon today to issue a birth certificate of the reality of the state of palestine. >> 138 generally assembly -- general assembly members voted in favor of upgrading palestine to the status of nonmember observers say. israel opposed the status change, saying the resolution will not help further the peace process. >> the truth is nothing will change if they cont
is over. but first this here. new information just in to us at cnn. two iranian fighter jets fired at an unarmed u.s. predator drone. we're hearing it happened last week. barbara starr is at the pentagon for us with this exclusive report. barbara, tell us what you know. >> reporter: new military tensions now with iran. cnn has learned it was last thursday just one week ago that two iranian su-25, old russian fighter jets they operate flew out in to the persian gulf in to international air space and fired on a u.s. air force predator drone, an unmanned drone in international air space that the pentagon insists conducting routine all toe classified maritime surveillance. the iranian air force hit the drone. the drone was able to return to base in that region. but this does raise some serious new tensions with iran. it was, of course, just a few days before the presidential election. here in the united states. officials that we have talked to confirming it after we questioned them say they just don't know at this point what the iranians were up to. just out to cause trouble or trying
substantial revenues. those in revenues me to come from those who can afford it -- the wealthiest among us. as demonstrated in his plan you heard him talk about during his campaign. the clinton error rates in place in the 1990's far from hindering economic growth or part of an economic approach past 1993 that led to the longest peacetime expansion in our lifetimes that led to the creation of more than 23 million jobs. it also led to the creation of thousands of millionaires to boot. there are different ways to approach this. the president will not sign a bill that extends the bush era tax cuts for the wealthiest americans. it is not good policy. >> even if the wealthiest and the pay more in taxes? >> you are dealing with hypothetical about plans that do not exist. the president will not sign a bill that extends tax cuts for the top 2%. he has lon supportg and proposed tax reform both individual and corporate. he believes that is important. he was clear during the campaign and has been clear in other thing we knowe about the clinton era rates for the top earners is that they were effective
developments on the scandal absorbing new headlines today. we're glad you're with us. i'm jenna lee. rick: i'm rick folbaum in for jon scott. fox news learning exclusively that the former cia chief will testify about the benghazi terror attacks before house and senate committees. jenna: a major development. friday he stepped down as america's top spy when he admitted to having an affair with his biographer, paula broadwell. we're expected to get comments about the growing scandal when he open has his first news conference since re-election. that will happen in two hours and we'll have it when it does. doug mckelway is live for us. doug? >> reporter: former cia director david petraeus voluntarily agreed to testify before house and senate intelligence committees. fox has learned he will speak off site on friday to the senate intelligence committee about the libya report. presumably that it means his testimony will be closed and not open to the public. recall that director petraeus briefed intelligence committees on september 14th, three days after the benghazi attack and said that the attack w
. it's good to have you with us. "newsroom international" starts now. 5 >>> around the world in 60 minutes. the fallout over the deadly attack on the u.s. mission in benghazi, libya. taking another turn. the woman at center of the firestorm facing more questions. today u.n. ambassador to the u.s. susan rice met with republican senators who harshly criticized her initial ex-plan nation about the attack that killed four americans including ambassador chris stevens. what senator lindsey graham said after the meeting. >> bottom line, i'm more disturbed now than i was before, that the 16th september explanation about how four americans died in benghazi, libya, by ambassador rice, i think, does not do justice to the reality at the time and in hindsight clearly was completely wrong. >> dana bash following developments on capitol hill. before susan rice went before these republicans, senators, they seemed to be backing away from criticizing her. now it looks like in speaking with them, this is backfired. can you tell us what happened? >> reporter: that's right. i was told by a source famil
. how confident are you in the white house national security team? you can find us online and joined the conversation on social media. here is the front page of "the washington times." it says -- the public versions of the events on the attacker the u.s. consulate have been riddled with discrepancies starting soon after the american dead and survivors led behind a charged compound and the bullets guard cia building in benghazi. how confident are you in the white house team? president obama defended yesterday amid criticism he received for poor performance given the issue. let's take a listen to some of the criticism that has been employed. this is on the senate floor yesterday. john mccain called for the select committee to investigate the attacks. [video clip] >> why is it that anybody including our ambassadors to the united nations would believe spontaneous demonstrations are composed of people with mortars, rocket-propelled grenades, and heavy weapons? nobody believes that. why did president obama insists that he labeled the defense an act of terrorism on september 12 when we know
for greg. ♪ >> shannon: the u.s. and egypt brokeer a cease-fire but will it hold up? this is "special report." >> shannon: good evening. i'm shannon bream in for bret baier. secretary of state hillary clinton announced truce after a week of retaliation for hamas rocketfire. in a region where they come and go like the seasons, there are concerns how long it can last. we begin in southern israel. >> restaurant, mile from the border, rest of the soldiers like the rest of the country watch noose announcing a cease-fire. officials mediate the deal. as did the u.s. secretary of state hillary clinton. who arrived yesterday in the middle east. >> we will work to consolidate the process, provide security for people of israel. >> half an hour before the truce was scheduled to take effect, benjamin netanyahu spoke to the country. >> i know there are citizens expecting more reangst. we should use this opportunity to achieve a long lasting cease-fire. >> barrage of rockets targeting israel. minutes after there is a border town. >> part of the agreement is israel will stop the targeted assassinatio
time, 2:00 p.m. eastern time here in the u.s. the deal announced by the egyptian leader, mohamed morsi, and secretary of state hillary clinton. it was later confirmed by israeli president benjamin netanyahu. comes just hours after a bomb blew up on a bus in the heart of tel aviv. dozens were injured. so far no claim of responsibility but hamas called it a blessed event. within the last few hours, israeli air strikes continued in gaza. this is video of secondary explosions when an hamas weapons depot was hit. michelle caruso-cabrera, our chief foreign correspondent is watching reaction at the nyse. michelle? >> that pushed the dow to the highs of the session. the announcement of the cease-fire got us another 25 points. we have come off the highs, 12,839 is where the dow stands right now, higher by more than 50 points, .4%. president obama reportedly just spoke with israel's prime minister benjamin netanyahu. john harwood joins us now. john, what can you tell us? the white house had a lot at stake here by sending hillary clinton to try to get this resolved. >> reporter: absolutely. and t
not only surprises the street with a beat but says the u.s. enterprise business is showing signs of improvement. >>> and abercrombie silences the shorts. >> the president is scheduled to meet with a dozen ceos this afternoon to hear their concerns about looming tax increases and spending cuts. 73% of participants in a "wall street journal" ceo council conference said the fiscal cliff is their primary concern. goldman chairman and ceo lloyd blankfein talking about the importance of avoiding the fiscal cliff. he writes there's more than a trillion dollars of cash that is sitting on the balance sheets of u.s. nonfinancial companies with certainty about tax rates, companies will increase their capital expenditures currently at anemic levels contributing to a virtuous cycle of jobs and growth." if there was a disagreement as to whether this is becoming a mainstream story. story of "usa today," a giant cliff and inside a chart of how it will affect people. this is getting real. >> the editor of "usa today" is the single best print journalist going today. he understands what the pulse i
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